(2) An employer is a large employer in relation to a
regulated superannuation fund if there are 500 or more employees of
the employer, or an associate of the employer, at the time the
beneficial interest in that class is first issued and at the end of
each annual reporting period.

(3) An RSE licensee with a MySuper authorisation must report
the details of MySuper products for large employers to APRA on an
annual basis. APRA may disallow a large employer MySuper product at
any time where it does not comply with subsection 29TB(2).

(2A)
An administration fee must not include any fee for personal advice
(as defined by subsection 766B(3) of the Corporations Act
2001 ) except for personal advice solely in relation to a
member’s beneficial interest in the fund.